1952-HKRS28-8-19_Part01 — Page 21

Financial control.

Regula- tions.

(4) A member appointed by the Governor shall hold office

for one year.

(5) Three members of the Advisory Board shall form a

QUOFUIT.

(6) The Marketing Officer shall be ex officio the secretary to the Advisory Board.

7. (1) All moneys received by the Director shall be paid into a fund which shall be administered by the Director for the purposes of this Ordinance and any moneys standing to the credit of the fund may be left on current or deposit account with any bank or invested in any securities in which a trustee may from time to time lawfully invest moneys.

(2) The Director with the consent of the Governor in Council may, for the purpose of exercising any functions under this Ordinance borrow money in such manner and on such security as may be arranged by him with the person from whom money is borrowed.

(3) The Director shall cause proper accounts to be kept of all income and expenditure and such accounts shall be audited at least once in every year by an auditor appointed from time to time by the Governor and such accounts together with the auditor's report thereon shall be laid before the Governor by the auditor on completion of his report.

(4) The Director shall submit to the Governor annually estimates of income and expenditure for his approval. The Director shall not incur expenditure above that of the approved estimates without the prior approval of the Governor.

8. (1) It shall be lawful for the Governor in Council to make regulations for

(a) empowering the Director to buy agricultural products and to sell, grade, pack, store, adapt for sale, process, insure, advertise and transport such products;

(b) requiring producers of agricultural products to sell such products or any kind, variety or grade of any agricultural product as may be prescribed only to or through the

agency of the Director and at a particular place and enabling the Director to establish and regulate the conduct of markets for this purpose;

(c) controlling the landing and transport of agricultural products and the import of such products into the Colony;

(d) empowering the Director to buy and to sell or to let out

for hire to producers anything required for the produc tion, adaption for sale or sale of agricultural products; (e) enabling the Director to advance money on any agricul

tural products received by his agents for disposal and to lend money to producers of agricultural products for the purposes of such business;

( empowering the Director to use funds under his control for the improvement of the standard of marketing of agricultural products, the encouragement of cooperation in agriculture and the social welfare of persons employed therein;

(g) generally for the purposes not inconsistent with the provisions of the Ordinance for which funds under the control of the Director may be used;

(1) requiring producers and persons purchasing from or through the agency of the Director to furnish to the Director such estimates, returns or other information relating to products regulated under this Ordinance as the Director considers necessary;

(i) prescribing fees, commissions, deposits and guarantees which may be levied or required by the Director for or In connexion with the issue of any licence and for prescribing the limits within which the Director may regulate the payment of fees, deposits, commissions and guarantees for services rendered or facilities offered or other matters prescribed or permitted by this Ordinance: (j) prescribing such forms as may be required for any matter

prescribed or permitted by this Ordinance;